Top business analytics tools to learn Key takeaways: Business analysis tools are used to collect and analyze data about an organization’s performance so that you can make decisions about how to improve it. Data visualization software like Tableau and Qlikview allows users to create charts and graphs based on data they have entered into the database. They are great at helping you understand your company’s performance trends over time. Dashboards provide real-time updates on key metrics like revenue per employee or Customer Acquisition Cost (CAC). Business analysis tools are essential to understanding your business, especially while making sense of data. They give you the power to analyze your business’s performance and make predictions to see what needs to change and how. When choosing an analytics tool, it should be easy to use without advanced training or experience in statistics or data science. You want an app that will give you valuable insights without requiring extra work on your part. You shouldn’t spend hours reading manuals or learning how to use the software before it starts benefiting your business. What is business analytics? Business analytics is an umbrella term that refers to data, statistics, and quantitative analysis to gain insight into how a business performs. It can also be used to understand customer behaviors and preferences and optimize existing processes and products. Business analytics has many applications in various industries, but it’s most commonly associated with marketing. One of the most common ways of using business analytics to improve marketing efforts is by optimizing ad campaigns, which involves understanding what ads are best for each target audience segment. What are business analytics tools? Business analytics tools are used to collect, analyze, and interpret data from your business. They can help you to make better decisions about your business and its operations. For example, if you have an e-commerce store, business analytics tools can help you figure out how much money you are making on each item and where your customers are coming from. This information can help you make smarter decisions about which products to carry in your store and how much they should cost. Business analysis tools also let you monitor the performance of different areas of your company’s operations. For example, suppose you are a restaurant owner who wants to know how many customers each server gets in their shift, a business analytics tool could help you automatically track this information. You can find business analytics tools online or through other software providers specializing in this type. Top business analytics tools If you are looking for a business intelligence tool, there are a few different options. Here are some of the top analytics software: ToolDescriptionQlikViewIt allows you to explore data visually, and then use it to build dashboards.SplunkIt lets you search through all your data in real-time.BoardIt integrates easily with other tools like Tableau and Power BI.SisenseIt allows you to analyze your data without having to be an expert in SQL or coding.TableauIt helps you build interactive dashboards, reports and data visualizations. ExcelIt allows you to create spreadsheets and perform basic statistical analysis on them.Power BIIt enables you to easily visualize your data, explore trends and identify patterns. It’s also great for collaboration.RapidMinerIt is a tool for predictive analytics and machine learning.Dundas BIIt helps you make sense of your data.MicroStrategyIt enables companies to manage their data and gain insight into it. SAP Business ObjectsIt lets you build reports, analyze data, and share information with others through dashboards and reports.Oracle Business IntelligenceIt is a collection of software products that offer several different features related to business analytics, including data integration tools and reporting capabilities. QlikView QlikView is a business intelligence tool that helps you gain insights into your data by visualizing it. It is easy to use and can be used by non-technical people, which makes it an excellent choice for small businesses that need a quick way to make sense of their data. Splunk Splunk is an enterprise-scale analytics solution that you can use to monitor and analyze your entire IT infrastructure. It is ideal for businesses that want deep insights into their data but don’t have the resources or expertise to build their business intelligence tools from scratch. Board Board is an agile project management tool that lets you track what’s happening with your projects (and projects involving multiple teams). It includes features like Kanban boards and Gantt charts that allow you to visualize everything from project status to budgeting in one place. Sisense This cloud-based solution gives you access to a wide range of pre-built reports. You can also build your own using Sisense’s drag-and-drop interface. It’s great for people without a lot of data analysis experience, but it still has enough power to impress even experienced pros. Tableau Tableau is another cloud-based tool but has a much more robust reporting system than Sisense. It also has some more advanced analytical tools built in, which makes it ideal for more complex projects, especially those involving large datasets with multiple variables. Excel Although not as sophisticated as the other two programs listed above, Excel is still an excellent business intelligence tool for creating basic reports and graphs. Excel is worth checking out if you are starting data analysis. Power BI Power BI is one of the most well-known business analytics tools in companies like Microsoft and Salesforce. The software allows users to visualize their data in various formats, including charts, graphs, and dashboards. It’s also compatible with multiple third-party software platforms and services, like Salesforce and Google Analytics. RapidMiner RapidMiner is an open-source platform that helps users analyze data through predictive analytics. The tool offers an interface that’s easy to use and understand. It also features automation capabilities that allow you to build models without writing code. Dundas BI Dundas BI is another popular analytics software that uses drag-and-drop functionality to help users visualize their data in new ways. It comes with pre-built connectors for many standard business intelligence solutions like Tableau or QlikView, so you don’t have to worry about integrating new programs into your workflow just yet if this is your first foray into analytics software. MicroStrategy MicroStrategy is a cloud-based platform that allows users to analyze data and create visualizations quickly and easily. It can be used by anyone who has access to the internet—no IT support is required. SAP business objects SAP Business Objects is another cloud-based solution that offers users an easy way to create reports and dashboards. The software is designed for small businesses that want to use data analytics but don’t have the resources or time required for custom-built solutions. Oracle business intelligence Oracle Business Intelligence is an on-premise solution that helps companies make better decisions based on their data. It is complex enough to require technical expertise and professional training, but it’s also flexible enough for individual users with no coding experience. Using business analytics tools Tools used in business analytics can help you with the following: Data collection Data collection is gathering data from an external source and then transferring that data into your business analytics application. The most common source of information is the internet. The data you collect can be from websites, social media platforms, or private databases. It is important to note that this type of data can’t be ordered in bulk. You must set up a system for collecting it manually or automatically as it becomes available. Data analysis Data analysis is taking your collected data and turning it into actionable insights that you can use to improve your business processes and performance metrics. Data analysis can be done manually or automatically, depending on your needs and budget. Still, either way, it requires advanced expertise in statistical methods like regression analysis and machine learning algorithms like neural networks and support vector machines (SVMs). Data mining Data mining is the process of gathering data from a variety of sources and organizing it into a format that can be analyzed. Data mining tools help you understand what your data is telling you so that you can make smarter decisions. Optimization Optimization is figuring out how to make something better or more efficient. Business analytics means using mathematical models to find ways for your business to perform better. If you are running a restaurant, for example, optimization might help you figure out how many tables you should put in your dining room. Data visualization Data visualization is turning data into a picture, such as a bar graph or pie chart. It helps you understand the information more quickly. Data visualization tools allow you to create visualizations from your data, which can be helpful for both beginners and experts. Analytics software like Tableau will enable you to build an interactive dashboard that displays your data in an easy-to-read format to see trends and patterns in your business’s performance. Benefits of using business analytics tools Business analytics tools are becoming more and more popular today. This is because they have several benefits that make them worth using, including: Bringing together relevant data Business analysis tools bring together the data you need wherever it’s stored. They can pull data from a single source or multiple systems, making it easy to compare and contrast different aspects of your business. Accuracy and efficiency While there are still ways for humans to make mistakes with their analysis, tools used in business analytics help ensure that the data you use for decision-making is as accurate as possible. They can also automate some of the processes involved in gathering business intelligence, which helps save time and money on labor costs. Increased customer satisfaction Business analysis tools can help your business increase customer satisfaction and loyalty by better understanding how your customers interact with your product or service. It is also important to note that many of these tools will help you discover what your customers want before they even ask for it, which is excellent for improving the overall user experience. Reduced cost, increased revenues Because business intelligence tools allow you to learn more about your customers and how they use your product or service, this information can be used to create new products or services that are better suited for their needs. In addition, the insights these business intelligence tools provide will help you develop new marketing campaigns that are more likely to convert leads into paying customers. Bottom line You get a top-notch education when you choose a business analytics course available on the Online Manipal platform. Our business analytics course is exclusively designed by the Manipal Academy of Higher Education (MAHE), and covers data mining and machine learning, essential data analytics tools for any business analyst. You will also learn how to use statistics software like R and SAS and connect your data analysis with other business processes (like marketing).
Supply chain management in e-commerce Supply chain management is the backbone of any e-commerce business. It aids in streamlining the process of taking your goods from point A to point B. For instance, it could involve moving materials from the factory to your warehouse and then from your warehouse to your customers. But how does e-commerce help in supply chain management? Supply chain management is an umbrella term for all aspects of logistics, including manufacturing, procurement, distribution, transportation, warehousing and retailing. The goal of supply chain management is to make sure all parts of your company’s operations are working together seamlessly to provide excellent customer service at every stage of their purchase experience with you, as well as ensure that their products reach them quickly and reliably so they can enjoy them right away after purchasing them. What is a supply chain? A supply chain comprises interconnected links that make up your company’s logistics. These links work together to ensure that your products reach customers at the right time, in the right place, and at the right price. Supply chains consist of components: raw materials, suppliers, production facilities, distribution centres, and retail stores. They can vary in size and complexity depending on the type of business you are running and how many customers you have. Supply chains are essential because they help companies reduce costs by ensuring they are working with reliable suppliers who provide quality materials at competitive prices. They also ensure that products get from point A to point B efficiently so there aren’t any delays or extra costs associated with shipping them over long distances (which could result in lost sales). E-commerce helps in supply chain management by providing a platform for online orders and payments, as well as tracking shipments and inventory. It also improves the speed at which you can receive orders, and allows customers to find your products more easily. Why Supply Chain Management (SCM)? As the global economy is expanding and becoming more complex, supply chain management is essential for companies to remain competitive. As an entrepreneur, you know that your supply chain is one of the most critical aspects of your business. From the moment you purchase to the moment it gets to your customer’s hands, you want to make sure that everything goes smoothly—and that’s where supply chain management comes in. But how does the eCommerce supply chain work, and how can it help you run a business? Here are five ways it can help you: You can get the products/services you need The first advantage of supply chain management is that it helps you get the products and services you need. For example, if your company needs a new type of software for its employees, but it is not available in the marketplace, supply chain management will help you find another company that has the software and then find a way to work with them to use it for your company. Reduce waste and increase efficiency Supply chain management also helps reduce waste by streamlining processes across multiple companies to be more efficient and effective. But how does the e-commerce supply chain work? For instance, if there’s an error in one part of the process or one company doesn’t perform up to expectations, all the other parts of the process are affected as well. But supply chain management helps eliminate those problems by making sure everyone involved has all the information they need and knows what their role is. Ensures that all products meet your quality standards Supply chain management ensures that your products meet your quality standards. It allows you to track the movement of goods from their origin to the end user, ensuring that all parts meet your quality standards and specifications. This can help you avoid situations where a product is being used but not performing up to mark or where a defective part causes injury or damage to someone’s property. Improves collaboration with suppliers and customers Supply chain management also improves collaboration with suppliers and customers. By tracking all aspects of a product’s movement from supplier to customer, you can better understand how a product is made, what it costs, and how customers use it. This allows you to work more closely with suppliers and customers on improving processes for producing and selling goods. This helps both parties get what they want out of the process. Reduces risk due to faster decision-making One of the most significant advantages of supply chain management is that it can help reduce risk. By managing and tracking the flow of goods and materials at every stage in their journey, you can better understand and predict when they will arrive, ensuring they arrive on time and in good condition. This gives you more time to make decisions and plan. Supply Chain and Logistics process in the E-commerce industry The supply chain and logistics process in the e-commerce industry is a complex and delicate balancing act. The logistics team ensures that products get to their customers promptly while keeping costs low. But how is supply chain management used with e-commerce? Here’s how: Supply Chain and Logistics process in the E-commerce industryPlan the supply chainSource materialsManufacture productsStore product inventoryPlan delivery routes and routinesDeliver goods to customers Plan the supply chain With the advent of e-commerce, the supply chain has become more complex. With so many different product categories, a company must figure out how to optimize its supply chain for each product type. If a company doesn’t plan its supply chain well enough, it could waste inventory and slow delivery times. Source materials The second step in knowing how supply chain management is used with e-commerce is sourcing materials. This includes finding suppliers and negotiating contracts with them. It can also mean managing your materials if you are planning on selling directly to customers rather than through retailers or other distributors. Manufacture products This step involves processes like injection molding or 3D printing and assembly lines where workers combine finished products from components sourced elsewhere in the supply chain. Store product inventory The next step in the e-commerce supply chain is to store product inventory. This means that you need a warehouse to hold all your products and a system for storing and tracking them. Plan delivery routes and routines Once you have an inventory system in place, you need to plan how you will deliver your goods to customers. This includes figuring out what routes are best for different types of deliveries and how often they should occur. Some companies use their employees as delivery drivers, while others hire outside contractors or partners to help with this process. Deliver goods to customers The final step in understanding the supply chain in e-commerce is getting your product from its warehouse into the world where customers can buy it. This may involve sending a truck with an employee driver to make local deliveries or hiring a third-party logistics company (3PL) that specializes in shipping large quantities of products across long distances using specialized vehicles like boats or trains. Benefits of supply chain management in e-commerce When you are operating in the e-commerce space, it is essential to have a solid supply chain management strategy in place. It is the only way you can ensure that your customers are getting the best possible experience and that your costs are as low as they can be. But how does it benefit you as an entrepreneur? Here are few benefits of supply chain management in e-commerce: Reduced cost Cost is a huge factor when it comes to e-commerce. When you consider the amount of time, energy and money that goes into developing, producing, marketing and distributing a product, the last thing you want to do is spend money unnecessarily. E-commerce is a massive and growing market, but it is also very complex. By implementing supply chain management, you can reduce the cost of shipping, improve customer service, and more. Better customer experience Your customers depend on you to provide them with the best possible experience, and they will tell everyone they know if you don’t. Supply chain management helps you keep your reputation intact by ensuring every product arrives on time and in good condition. Improved quality control Supply chain management allows for more accessible quality control by monitoring shipments and communicating with suppliers about any issues that arise during shipping or production. This ensures that quality is maintained from beginning to end of production and delivery. Improved inventory management With supply chain management, there’s no need for inefficient inventory management practices like overstocking or understocking because the system will monitor how much stock is available at each location, so you always have just enough on hand but not too much or too little. Improved delivery time With a supply chain management system, you can predict the delivery time for your customers. This means that instead of guessing when your customers will receive their products, you can make an accurate estimation and send it to them. Improved communication between employees You can create a communication platform where all employees can communicate with each other quickly and effectively in one place. A company wide communication system will help ensure that everyone stays informed and communicates effectively. Real-world applications of Supply Chain Management in e-commerce Understanding the basics of SCM is essential before you implement it in your business. Here are some examples of best practices and applications of SCM in e-commerce around the world: Keeping track of inventories Amazon’s warehouse workers use a handheld device to scan items as they come in, which automates much of the manual data entry process. This allows Amazon to keep track of inventory levels at all times and ensure no gap exists between the arrival of a product and its sale. Monitoring supply chain with the help of data analytics E-commerce giant Alibaba uses big data analytics to monitor supply chains, allowing them to identify trends in consumer behavior so it can better anticipate demand for specific products or services. This helps them improve their service levels and reach new markets faster than their competitors. Tracking food products with blockchain technology Walmart recently announced that it would use blockchain technology to track its food products. This will allow the company to provide customers with more accurate information about where their food comes from and what’s in it. Identifying customers needs with AI tools Companies use supply chain management in e-commerce by using artificial intelligence (AI) software. AI software lets companies know precisely what their customers want at any given time, so they can quickly meet demand without overproducing or underproducing products. Wrapping up The supply chain management course available on the Online Manipal platform is a lucrative career choice. It combines the strengths of various disciplines, including business, technology, and the sciences, to give you a well-rounded education that will help you succeed in any field. Whether your goal is to become a supply chain manager or another position within the field of SCM, there are many benefits to choosing Online Manipal. You will gain access to high quality instruction from professors who have real-world experience with the topics they teach. You will also have access to the same curriculum taught in-person at all MAHE campuses worldwide, which means you can transfer credits easily if you decide later on that you want or need to switch programs or schools. If you are ready for an exciting new career as a supply chain manager, take advantage of this opportunity today. Key takeaways: MAHE’s supply chain management program will help ensure that your customers get what they want when they want it, leading to happier customers and repeat purchases more often. Customers expect to be able to purchase items at any time, so it is critical that you have an accurate supply chain management program in place and that you can keep up with demand. With a robust supply chain management program in place, you will be able to reduce costs associated with shipping and storage, as well as increase profits through better pricing on orders.
Logistics & Supply Chain Management job interview questions and answers Key takeaways: Logistics management has a wide scope and offers numerous career options such as logistics manager, logistics analyser, logistics supervisor etc. Supply chain management includes a lot of activities, including logistics management. Logistics and SCM interview questions help individuals prepare better for the interview. Modern logistics managers must be well-versed with technologies like the Internet of Things (IoT), machine learning, and predictive and artificial intelligence. With the growing stronghold of e-commerce businesses across the globe, logistics and supply chain management have become more significant than ever. The processes involved in the to and fro of goods need to be robust through and through. Besides, it also necessitates the involvement of many personnel at various checkpoints. This includes managing the transportation of freight, parcels, raw material and finished goods from the originating point to the end consumers. While most firms today utilize tools and digital software to automate the process, some continue the process manually, depending on the scale of the organization. This also demands professionals who can effectively oversee activities at different levels. So, if you are looking forward to making a career in logistics and supply chain management, this article will help you crack the interview and acquire a job role that best compliments your caliber. Important Logistics interview questions Following are the most important questions often asked in the interview for various posts related to logistics – What is the role of a logistician? A logistician manages supply chain, transportation and storage of materials. What do you mean by advanced shipping notice? Before the delivery, the customer is given a detailed shipment information notice, known as an advanced shipping notice. It includes information such as the shipment route and its expected arrival time. Explain affreightment. The contract between the ship’s owner and the merchant is known as affreightment. According to this contract, the merchant rents the space on the ship for an agreed amount and period. They have to make the payment, whether the ship is ready for shipment or not. What is consignment inventory? Consignment inventory is a supply chain model or a business agreement which is in possession of the customer. It means you will pay the supplier only after their goods are sold. What is anti-dumping duty? It is an import duty which is implied on imported goods and priced comparatively less than the regular price in the exporter’s domestic market. This causes a loss to the domestic industry of the country. What is cross-docking? Cross-docking is the process that includes unloading materials from a semi-truck and loading them onto outbound trucks or trailers. This significantly reduces operating costs, handling costs and storage costs. Explain batch picking and wave picking. Batch picking is the technique of transporting inventory by grouping it into small batches in a single go. On the other hand, wave picking is a technique in which the orders are assigned into groups and released together so that several activities can work together. What is the difference between logistics and transport? Logistics is the procedure that involves managing goods, their information and other resources from the source to the customer in a way that meets the requirements of both parties. On the other hand, transportation is the movement of goods from one place to another and is part of logistics. Explain reverse logistics Reverse logistics is the compilation of all the processes that are used for goods moving in the reverse direction- transporting goods from the customer to the business. What are carton clamps? Carton clamps are the most versatile attachments used for handling unmatchable products like cartons, appliances, furniture etc. Important Supply Chain Management interview questions Let us now have a glimpse at the ten most important questions to crack a supply chain management interview. What is the role of supply chain manager? Supply chain management or SCM is the role that includes supervision of the elements of a supply chain, such as raw materials, finances, etc. Supply chain management works to improve the flow of tasks beginning from production to the shipping of commodities. What should an employee do to be a successful SCM? An employee needs to possess good communication capabilities and know how to negotiate with suppliers. They should also have good customer support skills and should be professional and polite. They must possess cost accounting skills, have the ability to understand financial statements, understand e-business and e-procurement systems and practice business ethics. What should an SCM do in case the factory runs out of inventory? The SCM should deal with this situation calmly and start by figuring out the remaining amount and the shortage levels. Then, they should connect to the supplier that can provide the lacking stock on an immediate basis. What is the ulterior motive of supply chain management? Supply chain management works to maximize the efficiency of an organization by obtaining effectiveness in all activities. It is a mandatory process to help organizations fulfill the expectations of their customers while ensuring minimal waste. This ensures effective utilization of time and effort of all stakeholders in the organization while lowering expenses. What is the difference between direct and indirect distribution channels? Direct distribution channels have no intermediates between them, and the seller makes direct sales to the buyers. It is advantageous for small businesses. Indirect distribution channels, on the contrary, include wholesale suppliers and are good for large-scale productions. They increase the cost of the product as the products pass through multiple channels and vendors. What information is included in the bill of lading? The following details are included in the bill of lading- Name and address of the receiver and the firm Special account number used for tracking Date of the shipment Instruction for secure delivery Number of shipping units Type of packaging Description of the shipped material Value of the goods being shipped Disclaimer for hazardous substances Weight for each commodity separately and the inclusive weight for all commodities Freight class of the items shipped Mention the activities to be performed at the operational level. The mandatory activities to be performed at the operational level in logistics include the following- Checking and goods receipts Bulk storage Order picking Order marshaling Stock replenishment Load scheduling Returns Availability of employees Stock update Documentation What factors is the freight class based on? A freight class is based on four factors- The density of the shipment (weight per cubic foot) Freight to ability (width and length based) Ease of handling (effort required in transporting) Liability (liability to break, damage, or perish) What are the vital components of inventory preparation and management? The two most vital components of inventory preparation and management are examining the product orders and inventory figures to find out the number of items required for the upcoming months. Mention the differences and similarities between supply chain management and logistics. Similarities between logistics and supply chain management- They focus on boosting the earnings of the company. Their main goal is the achievement of customer satisfaction. Differences between the two- LogisticsSupply Chain ManagementLogistics is an individual activity that is a part of supply chain management and ensures management of goods efficiently. Supply chain management involves several processes including inventory planning, raw materials, products, labor cost, etc. Logistics focuses on the effective delivery of items from the sender to the receiver.SCM adds value to the operational process. Experts in supply chain management oversee the improvement of raw materials and tackle the transportation of goods and services. How to prepare for Logistics and SCM job interviews? Before applying for any interview, you must read the job description thoroughly to ensure whether you will be able to fulfill job requirements successfully. You must ensure whether you have the necessary skills to take up the job role. Here are a few tips that can help you prepare for your Logistics or SCM interview better. Get a strong hold on terminologies There are a plethora of terminologies and acronyms associated with both logistics and supply chain management. You should know the full form and the meaning of all of them to answer correctly in an interview. Some commonly used terminologies relate to – 3PL/4PL LTF/FTL Types of trailers Ocean, air and ground freight Carries Freight forwarders Domestic and International shipping Prepare the most basic questions You should have answers ready for the most basic question with the highest chance of being asked in the interview. It may include- “Why logistics?” “Why supply chain management?” “What is the role of a logistician?” “What skills are required to be a supply chain manager?” Research and practice as many questions as possible You can look for questions online, in some books or ask candidates who have been to a similar interview recently. You can note down all the questions you gather and create answers for them so that you can be prepared if any similar question is asked to you. Build a portfolio You must build and carry a portfolio to the interview containing all the necessary documents, such as your qualifications, resume, previous experience letters etc. Practice conversation Sometimes, candidates are quite confident and know all the answers but cannot give appropriate answers due to a lack of conversational skills. You should practice conducting casual yet informative conversations with your interviewer for an interview, portraying problem-solving and problem-handling skills. Closing With the prototype questions and tips for preparation mentioned above, you can prepare a strategy to crack your logistics and SCM interview. Or, you can take the help of the Supply Chain Management course offered by the Manipal Academy of Higher Education (MAHE). MAHE, in collaboration with Online Manipal, brings to you the PGCP in Logistics and Supply Chain (PGCP LSC) course for working professionals to help you build an extensive career in the field. With all the requisite notes for the exam and the interviews, and multiple hours of live lectures, the mentors at MAHE guide you and prepare you for an amazing career option.
What is an IPO? How does a startup list in the stock market? What is an IPO? IPO full form is Initial Public Offering. It can be defined as the first instance when a privately held company raises money by selling its securities and shares to the public. After the IPO, the issuing company is considered a public company. This transformation of a private company into a public company is a crucial moment for private investors to cash in profit returns on their initial private investments. It is because an IPO consists of a share premium for existing private investors. But there are still many questions that remain like: How does a company go public? What are the benefits of going public? How can you invest in an IPO? Why do companies go for an IPO? Read this blog post to learn more about the types of IPO, how an IPO works and investment opportunities with an IPO as an investor. Types of IPO The two common types of IPO are listed below: Fixed Price Offering Fixed Price Offering is the type of IPO where the stock issuing company determines a fixed price for the initial sale of the shares. In this type of offering, the investors are informed of the price of the stocks before the company is made public. The demand for stocks from the share market can be determined after the issue is closed. The investors need to pay the full share price while filling out the application to participate in this type of IPO. Book Building Offering Book Building Offering is the type of IPO where the stock issuing company offers a 20% price band on the share price to the investors. Then, the investors bid on the share price to determine the stock’s final price. The investors need to highlight the number of shares they want to purchase and the share price they are ready to pay. The Book Building Offering IPOs do not have a fixed price (like the Fixed Price Offering). In this type of IPO, the lowest price of the share is called the floor price and the highest price of the star is called the cap price. The final price of the share is finalised using the bids from investors. Why do companies go public? A private company considers going public for the following reasons: Raise funds: IPOs are a great way to raise funds for a private company. These funds can be used for business expansion, hiring, research and development, clearing debts, etc. Improve public image: The IPO process helps the company to be known in the Stock Market. It can help the company in business matters like valuation, mergers and acquisitions, etc. Valuation estimation: After listing the company’s stock, the company’s valuation can be determined based on the price per stock that the customer is willing to pay in the stock market. Improve credibility and trust: The IPO process boosts the trust among customers regarding the company and its products and services. It also improves the company’s credibility in the eyes of the governing financial body. Price transparency: The IPO process generates a lot of funds for the company, which will boost price transparency. The company can also create a liquid entity for the long-term shareholders. Steps a company must take to go public via an IPO Below are the five essential steps that a company must take to go public via an IPO: Hire an investment bank The IPO issuing company must hire an investment bank for advisory and underwriting services. In the IPO process, investment banks act like intermediaries between the company and the public investors by providing underwriting services. The selection of bank is generally undertaken according to the following criteria: Industry domain expertise Prior engagements with the bank Quality of research carried out The reputation of the bank Security distribution ability Underwriting agreement and regulatory filings The investment bank can have the following types of underwriting agreements with the issuing company: Best efforts agreement: This agreement doesn’t guarantee the amount raised through the IPO. The underwriter only partakes in the sale of securities for the company. Firm agreement: The investment bank guarantees a specific amount of funds raised in the IPO process under this agreement. The investment bank buys the entire offering and sells it to the public investor with adequate margins. All or none agreement: Under this agreement, the offer will be annulled if all the shares offered are not sold. Syndicate of underwriters: IPOs can be administered by multiple underwriters also. One of the investment banks will be appointed to head the other underwriters. Under this agreement, all the underwriters sell a portion of the shares offered by the issuing company. It is generally done to mitigate the risks involved in an IPO investment. The underwriter(s) are in charge of curating all the documents listed below: Engagement letter: It consists of the reimbursement clause and the gross spread (also known as the underwriting discount). Letter of intent: It consists of the following details: The commitment by the underwriter to manage the IPO process of the issuing company. The issuing company’s commitment is to facilitate the underwriters with all the information required in the IPO process and collaborate in all the due diligence activities. The issuing company’s agreement is to offer a 15% over-allotment option to the underwriters. Underwriting agreement: This document comes into effect after the initial price of the securities is finalised. Registration statement: It consists of the IPO-related information, financial documents of the issuing company, insider holdings, background of the executive management of the company, legal cases against the issuing company, etc. Red Herring document: This document is the initial prospectus drafted by the underwriter, which consists of the information about the issuing company, the effective IPO date and the IPO price. Set the offering price The IPO details need to be approved by the governing financial body (SEBI in India, SEC in the United States, etc.). After the approval, the date of the IPO is decided. The issuing company and the underwriter collaborate together to determine the offering price a day before the IPO date. The offering price is based on factors like economic stability in the market, the economic stability of the issuing company etc. After-market stabilisation After the IPO is issued, the underwriter is responsible for performing market analysis and offering expert insights on after-market stabilisation to build a market for the shares distributed in the IPO. Transition to market competition Now, the final step of becoming a public company is the transition to market competition. It generally starts 25 days after the IPO date. At this point, the underwriters offer data-driven insights about the fund collected and the final valuation of the issuing company. How does a startup benefit from an IPO? A startup can benefit from an IPO in the following ways: It offers access to a large pool of funds which can be used for business growth. It establishes diversity in the ownership of the shares of the company. This ensures that a few big investors aren’t calling the shots in the company. Startups receive positive publicity when their IPO is launched. This helps in improving the chances of acquisitions and takeovers. The company can now offer stock options to its employees after the listing of shares in the stock market. It is easier for companies to raise more money if they are listed public companies. Can an IPO help a company grow? An IPO process provides immense opportunities for growth to the companies. IPOs generate a large sum of capital that you can use for business expansion, hiring more employees, launching more product ranges, etc. Furthermore, the IPO process lists the company in the stock market, which improves the trust factor and credibility of the company. This will help the company to conduct business activities with other external entities. Finally, the funds collected from the IPO process help the company to have liquidity for future growth. Should you invest in an IPO? IPOs are very popular among public investors. This is because IPOs create volatile price fluctuations on the launch date of the IPO and some days after the launch. These volatile price fluctuations provide a great opportunity for investors to realise huge gains in the stock market. However, it can also bring huge losses. Things to consider before investing in an IPO Some important things to consider before investing in an IPO are as follows: There is a risk factor you need to consider before investing in an IPO. There is a chance that you might lose money in the investment. The income generated via the stock market is taxable. Applying to an IPO process doesn’t guarantee that you will receive the shares. There is a chance that you might not get the stock if your placed bid is lower than the IPO price. Make sure to read the prospectus before selecting the company and price per share. Know if you’re eligible to invest in an IPO You must fulfil the following eligibility criteria to invest in an IPO: The investor needs to have a Permanent Account Number. The investor needs to have a Valid Demat Account. If the investor is planning to sell the stocks on listings, he/she needs to have a trading account as well. Steps to invest in an IPO You need to take the following steps to invest in an IPO: Select the IPO issuing company: First, you need to select the company whose IPO shares you want to purchase. You can look into the initial prospectus and other information sources to determine the IPO issuing company. Manage the investment funding: Once you know which company’s shares you want to purchase, you need to manage the funds that will be needed to make the purchase. Open a Demat and trading account: The next step is to open a Demat account. You will not be able to apply for an IPO without a Demat account. It is highly recommended to open a trading account also along with the Demat account. Apply for the IPO: Now, you need to fill out the ASBA (Application Supported by Blocked Account) application forms. You also need to provide your Demat account details, Permanent Account Number, bidding information and bank account information in the application. Place your bid: In the last step, you need to specify your bidding information with the ASBA form. Allocation of shares: Finally, the shares will be allotted to the applicants in this step. The quality of shares allotted will depend on the supply and demand of the shares. Advantages of investing in an IPO Here are some of the advantages of investing in an IPO: Liquidity: Investors can sell their shares in the market to get liquid cash. Listing gains: When the price of the share increases on the day of listing, the investors can realise listing gains on their investment. Small retailers: Governing Financial Bodies make sure that small retail investors have a fair chance to participate in the IPO process. Cheap shares: The price of shares are generally the cheapest during the IPO stage. Hence, you can realise greater profits if you get an IPO. Shareholding: Anyone who purchases a share of a company is known as its shareholder. Some companies offer various benefits and perks to their shareholders. How does an MBA in Finance teach about IPOs? If you want to learn more about IPO and how it works, you can pursue an MBA in Finance from Manipal University Jaipur. Manipal University Jaipur is a NAAC A+ accredited university that offers UGC entitled MBA programme in Finance to its candidates. During this course, you will learn subjects like Accounting, Stock Market, Investment Banking, Portfolio Management, Business Analytics, etc. An MBA in Finance can teach you everything you need to know about IPOs. The subjects and concepts taught in an MBA in Finance will help you gain expertise in the stock market and the IPO process. During your MBA in Finance, you will solve several case studies based on real data that will prepare you for investment opportunities in the future. Also read: Guide to MBA in finance course Conclusion IPO or Initial Public Offering is defined as the time when a privately held company goes public by selling its shares to public investors. There are two main types of IPOs: Fixed Price offering and Book Building offering. The IPO process is beneficial for both the issuing company and the investors. You can consider applying for an MBA in Finance degree if you want to gain skills and knowledge relevant to the IPO process and the stock market. Manipal University Jaipur offers an online MBA Finance course with free access to Coursera, which you can use to develop skills needed to excel in the stock market.
How can BCA graduates increase their earning potential? A BCA degree is required in the modern world; however, it is insufficient if someone does not pick the right courses after it, as it would then become difficult for them to find money-making professions. After earning a BCA degree, one must pursue post-graduation coursework or a professional credential to have a successful career. After BCA, students have a variety of employment alternatives at their disposal; however, not all students are aware of the various paths they can pursue to establish BCA job chances. Focus on your skills and complete internships throughout your college breaks if you desire higher pay after receiving your BCA. Colleges just award degrees, they do not impart any transferable skills. An internship can teach you things that you cannot learn in theoretical classes. Through this article, we will examine the finest career paths, concentrating on computer-related professions with promising job outlooks you can pursue after a BCA degree. To make the best choice, one needs to be aware of all available careers after earning a BCA. In addition to the BCA’s range, the following list of excellent courses is provided for your consideration: Obtain an MBA Getting an MBA is one of the most preferred path after a BCA. The topics covered in a Master of Business Administration programme include administration, planning, financing, human resources, and other crucial business disciplines. Although this industry is distinct from the field of technology, it undoubtedly provides benefits. Get into data science You can pursue a career in data science if you’ve always had a fascination with statistics and numbers. There is a great need for data specialists in today’s industries with the fastest growth rates worldwide. Numerous fields, such as technology, FMCG, marketing, and others, use data science. Career in digital marketing After earning a BCA, pursuing a career in digital marketing is one of the most common choices. Digital marketers are becoming more and more important as firms migrate online. Businesses need the skills of digital marketers to market their goods and services online and increase sales. You have the choice to work as a digital marketer in this profitable industry as a BCA graduate. To do this, you’ll need to acquire the necessary abilities and aid in the online expansion of firms. After BCA, one of the top courses in digital marketing. Understand product management Product Management is a distinct and intriguing response to the question, “What to do after BCA?” Product managers are knowledgeable about all phases of a product’s development as well as its marketing. They assist businesses in identifying, developing, and delivering products that meet the needs of their clients. Consider the Blockchain Sector Consider Blockchain as an option if you’re unsure of your next steps following BCA and looking for a relatively new industry. The blockchain industry is rather new compared to the other industries we’ve covered here. Although it has only been for a short time, it has already increased the demand for talented workers and given freshmen some of the top tech positions. You might choose to enter this profitable industry as a blockchain professional after earning your BCA. After a BCA, one of the top employment paths is blockchain development. Become an expert in cybersecurity Still looking for alternatives before deciding what to do following your BCA. The vulnerability of online platforms was demonstrated by the recent hacking of well-known Twitter accounts. It also reflected the importance of cybersecurity expertise. You can pursue a career in cybersecurity if you are interested in encryption and security. Everyone needs the services of cybersecurity professionals, from government agencies to international corporations, making this one of the top post-BCA employment prospects. Pursue a Master of Computer Applications degree If we didn’t have MCA on our list of suggestions for what to do after BCA, our list would be incomplete. Another well-liked option for courses after a BCA is to pursue an MCA (Master of Computer Applications) and improve one’s specialisation. It gives you the abilities and information required to work as an IT expert. After BCA, MCA is one of the most popular courses. Check out: What to expect after completing an online BCA degree Is an MBA a good postgraduate degree for BCA graduates? A popular and highly desired postgraduate programme among students is the MBA. You would have two options if you completed your undergraduate degree in a technical subject like BCA. To enhance your technical skills, either take a postgraduate degree in MCA, MIM, or MCM or opt for a management profession. How an MBA helps you get high-paying jobs If you’re interested in a career in business, an MBA can be a useful advanced degree because it can help you develop important business skills and boost your credibility. Your income potential can be considerably increased by earning an MBA. What business field you specialise in will typically determine how much money you may make with an MBA, so it’s crucial to know what professions pay the highest incomes. In this post, we define an MBA, discuss the kinds of professions it can help you land, and offer a list of the highest-paying positions that require an MBA. A master’s degree in business administration, or MBA, is an academic credential provided by business schools. It normally takes two years to finish this advanced degree. Possessing critical commercial and management abilities, including research, long-term planning, and leadership, are demonstrated by holding an MBA. Students who enrol in an MBA programme take classes in accounting, economics, and marketing, with the option to specialise in a business-related field. Among the top specialisations are: Finance Business Analytics Business management Marketing management Logistics management Operations management Human resource management Healthcare management Rural management Event management Information technology One of the main advantages of this degree is that it frequently leads to higher compensation because employers think those with an MBA have a wider range of critical business knowledge and skills. For instance, a finance analyst with an MBA often makes a lot more money than a finance analyst with a business administration bachelor’s degree (BBA). However, keep in mind that other criteria, such as your specialisation and the business school you attended, may also affect your specific compensation. Although an MBA primarily trains you for a position in business administration, the abilities and information you acquire from it are immediately applicable to a variety of other business and business-related positions, such as: Commercial consulting Business activities Banking and Finance healthcare administration Marketing information technology Public Affairs community service Why is an online MBA in Analytics and Data Science a popular degree? The growing need for data experts and high compensation are the main justifications for taking an online MBA degree in Data Science. You will be able to interpret organisational data, design and create data management procedures, and use data to guide important business decisions if you pursue an online MBA in Data Science. Check out: Important concepts to learn during an MBA in Analytics and Data Science Technical skills you learn during your MBA in analytics and data science programme Data visualisation: The depiction of data through the use of typical graphics, such as infographics, charts, and even animations, is known as data visualisation. These informational visual representations make complex data relationships and data-driven insights simple to comprehend. Data wrangling: Data wrangling, also known as data cleaning, data remediation, or data munging, refers to a number of procedures intended to convert unstructured data into formats that are easier to work with. Depending on the data you’re using and the objective you’re trying to achieve, the precise approaches vary from project to project. Programming: Methods and procedures that tell computers what to do are known as computer programming techniques. These instructions, collectively referred to as “code,” are created by computer programmers to solve issues or carry out particular activities. Machine learning: Large data sets are used in machine learning, so it is essential to have a solid foundation in fundamental concepts like complexity, computer architecture, algorithms, and data structures. Exploring new ideas and going in-depth with the programming books can be beneficial. Deep learning: Artificial intelligence (AI) and machine learning techniques called deep learning models help people acquire specific types of information. Data science, which also encompasses statistics and predictive modelling, contains deep learning as a key component. Data extraction: Data administration, software development, and other sophisticated fields are all needed in the difficult field of data mining. Critical and creative thinking skills are essential for success in the profession because they may be used to uncover important data patterns and insights by leveraging resources and tactics in novel ways. Also read: Top 10 essential data analytics tools in 2022 Essential soft skills you learn during an MBA degree Business sense: The ability to comprehend and handle a variety of business circumstances is known as having business acumen. This skill set combines a number of diverse skills rather than being restricted to just one to develop a high competency in business acumen. Intellectual curiosity: The urge to know more about the world and uncover the answers to bigger issues is referred to as intellectual curiosity. People who are intellectually curious frequently enjoy learning how systems operate, understanding why people behave in particular ways, or analysing the underlying causes of a decision. Interpersonal skills: People skills, social skills, and social intelligence are all terms used to describe interpersonal skills. They entail accurately analysing the signals that other people convey in order to formulate successful answers. People constantly demonstrate their interpersonal abilities just by interacting with others. Problem-solving skills: Employees must be able to overcome obstacles to guarantee that they are valued team members and that the organisation works efficiently. Employees who take the initiative to seek guidance from others also become knowledgeable, dependable team participants, even if they are unable to solve the problem themselves. Decision-making: Decision-making abilities may make a difference in our ability to make a decision that enhances our organisation’s reputation, our future, etc. The capacity for decision-making is always a leadership quality that demonstrates our capacity for critical thinking to advance our objectives. Critical thinking: The capacity for factual analysis and opinion formation is known as critical thinking. It is a type of emotional intelligence.. When the occasion calls for it, a person with critical thinking abilities can think clearly and logically. They are able to make decisions and solve problems more effectively as a result. Why is Manipal University Jaipur’s MBA in Analytics and Data Science a great choice for BCA graduates? The online MBA in Analytics and Data science offered by the Manipal University Jaipur is a 2-year programme that trains professionals to address complicated business problems in the future that call for the integration of data-driven decision-making modules into IT, contemporary software, and mobile apps. Manipal University Jaipurs has been recognised and accredited by regulatory bodies like . the University Grants Commission, the National Assessment and Accreditation Council, the AICTE, WES, and ICAS. Upon completion of the degree, Online Manipal’s placement assistance cell prepares students for jobs through mock tests, resume building, interview tips, etc. MUJ’s online degrees are highly valued in India and abroad and are accepted by employers worldwide.
How do Google Cloud Computing Foundations help the career of BCA students? Our perspective on data storage and accessibility has changed due to the development of Google cloud computing as part of the digital revolution. We deal with cloud technology in every facet of our daily life. Everyday tasks use the cloud, including banking, email, streaming media, e-commerce, and others. Applications, infrastructures, storage, and CRM are all present in the cloud from a business perspective since it offers flexibility and agility. The global pandemic has accelerated the deployment of cloud technology in numerous ways to maintain data accessibility at all times, avoid disrupting business operations, and enable responsiveness. It’s no surprise that business in the cloud sector is booming. The skill set needed in the current industry has evolved dramatically, and cloud computing career prospects have increased. Numerous cloud computing career prospects have emerged in the job market as more and more businesses switch from their conventional data-centric approach to cloud-based services. As many businesses go through this significant shift, it is necessary to have IT employees and cloud experts to make the most of the investment made by a business by utilising cloud-based architecture. Advantages of learning Google Cloud Computing Foundation during your BCA? Google offers a 4-course series titled Google Cloud Computing Foundations for individuals with little to no background knowledge or expertise in cloud computing. The 4 series include: Cloud Computing FundamentalsInfrastructure in Google CloudNetworking and Security in Google CloudData, ML, and AI in Google Cloud It gives an overview of key terms related to big data, machine learning, and cloud fundamentals, as well as how Google Cloud comes in. In this free online course, you will discover how to use the Google Cloud Platform (GCP) for creating apps and APIs, machine learning, networking, cloud security, storage options, and more. By taking this thorough foundation course, you can improve your knowledge, skills, and career prospects. Those enrolling in this course should: Have familiarity with basic IT concepts and be eager to learn more about ML and the cloud.Know at least one language, such as Python or Java.SQL and shell scripting fundamentals should be familiar to you. Why should you learn cloud computing? Cloud computing has developed over the last ten years to become the cornerstone of many IT operations and solutions. Research indicates that it will do so for the foreseeable future. The need for expertise in cloud computing seems to be growing and shows no indications of slowing down. Employers recruiting for non-technical job roles now demand and anticipate that their employees have a working grasp of at least one cloud platform. Obtaining a certification that demonstrates your knowledge is preferable if you are an IT professional searching for work in the cloud industry. By passing a cloud certification, you can illustrate your dedication to your job if you are currently employed in an IT or cloud-related function. You may be able to advance professionally by getting a promotion if you pursue a cloud certification if you already work in the cloud industry. You should join the cloud revolution by learning this in-demand technology for the reasons listed below. Accessibility The accessibility that cloud computing services offer is one of the key benefits of Google cloud computing. Cloud developers have the same access to resources as HQ staff members and can work from any location. Numerous jobs There is a significant need for cloud developers and a rise in cloud-based solutions. Cloud computing offers an easier and quicker approach to obtaining data, being productive, and keeping up with the most recent technological advances. It has increased employment in the field of cloud computing as well as the potential pay scale. Create your venture Thanks to cloud computing, startups may now design and test new products more quickly. You may now employ the same resources as large corporations at a fraction of what traditional data centres used to cost. Using cloud-based technologies, startups can sell their goods more quickly and gain insight from client feedback. Also read: Cloud computing course details Cloud computing job roles that are in high demand Software as a Service (SaaS), infrastructure as a Service (IaaS), and platform as a service (PaaS) are widely adopted by modern enterprises based on their needs. However, some of the best cloud service providers are expanding their cloud services by integrating AI and ML into the cloud. In the market for cloud computing, all these led to the creation of several new job roles. You must be aware of the highest-paying cloud computing positions to comprehend career opportunities, prospects, and potential future growth. Cloud Software Engineer A Cloud software engineer specialises in creating software for cloud computing systems. They assist in deciding how the system should function and advise the programmers who help create the software code. The systems’ creation, maintenance, and appropriate operation are all under the control of cloud software engineers. Cloud Architect Cloud architects are excellent technologists with strong networking and programming skills. This role gives you experience building cloud-based networks and combining numerous remote servers. This personnel also requires experience with and knowledge of cloud services, cloud storage, and the deployment or migration of systems from scratch. Cloud Automation Engineer Cloud Automation Engineer gathers and processes requirements to convert application delivery for the cloud in an adaptive way. They offer assistance with project maintenance during the transition from development to production and documentation. They evaluate the current applications and offer suggestions to enhance performance by directing gap analysis, aiding in the purview of upgrades, etc. Implementing new modules, updating as well as making workarounds to the production environment along with updates and maintaining systems in response to changes in specifications or implementations come under their job role. Cloud Developer A cloud developer analyses customer demands, creates systems and code and performs debugging. They also keep track of and resolve problems with the cloud apps so that consumers have as little downtime as possible. Along with utilising performance indicators to capture services, they help create processes, workflows, and options for integrating documents. Cloud Infrastructure Engineer The primary task of this position is creating the network and cloud system infrastructure. Infrastructure engineers collaborate closely with hardware engineers and developers to create an effective cloud framework for the firm. Cloud System Administrator The Cloud system administrator manages the multiple cloud servers and other aspects of the cloud infrastructure. They also oversee, manage, and maintain the multiuser computing environment per the organisation’s requirements. Cloud Network Engineer Cloud network engineers employ computer hardware and software to give users access to shared resources. They are experts at transferring networks and functions to private, public, and hybrid cloud infrastructures. Their role entails designing, organising, and implementing customised cloud solutions for clients. Cloud Security Manager Cloud Security Manager supports an organisation’s security compliance and data privacy. They help in integrating cloud solutions across vendors and designing them. Their role involves controlling the security architecture for the infrastructure and microservices and finding the necessary criteria for the security architecture. Cloud Sales Manager Cloud Sales Manager gives business security to accounts that provide services like app management, hosting, enterprise cloud services, and similar ones. They support the development and upkeep of a network of excellent Cloud service providers and guarantee a seamless transition from pre-sales to the appropriate delivery resources. Cloud Broker Cloud Broker negotiates contracts between cloud providers and customers and oversees the use, performance, and provision of cloud services. They develop a certain capacity of a given service and offer cloud users value-added services. Also, they support integrating data and guaranteeing secure data transfer between various cloud providers and cloud consumers. Check out: Can online cloud computing courses help you prepare for an interview? Is a career in cloud computing a good choice? Today, businesses are beginning to lease access to their data storage from cloud service providers, saving them the upfront costs and issues associated with owning and managing their own IT infrastructure or data centres. As a result, there is now a bonus situation for both service providers and businesses, which have significantly boosted the number of cloud computing service providers across all industries. These service providers seek out experienced and skilled cloud computing specialists and offer them competitive compensation packages in exchange for their services to satisfy the growing customer base. Let us see the benefits of Google cloud computing that make it a suitable career choice. Better career opportunities Since Google cloud computing is still a newer concept, there is plenty of room for new pioneers and inventors. Being a cloud computing expert will enhance your prospects of moving up the corporate ladder at your current company or landing more significant roles at esteemed firms. Obtaining the knowledge you require right away will put you in front of new advancements. Additionally, early use of cloud computing enhances your growth potential if you want to improve your prospects and employment options. High demand Roles in cloud computing are in high demand, and this need is rising quickly. You can work meaningfully in cloud computing if you possess the necessary abilities. High salary packages The industry remuneration for these positions is rising quickly, along with the increase in demand for cloud technologies. In cloud computing, you can find positions that are better paid. The average yearly pay for a cloud specialist in India is 15.0 lakhs, with salaries ranging from 6.5 lakhs to 28.0 lakhs. Career growth The skill set of a Cloud Computing specialist encompasses a wide range of expertise, including network administration, security, data protection, disaster recovery, etc. You will have the chance to work with cutting-edge technology and exhibit your experience as a professional in cloud computing. You will be able to advance your knowledge and abilities via training programmes and certificates, resulting in career growth. Gives you job satisfaction Every day, you can work on brand-new tasks that provide you with job satisfaction. Additionally, you can be expected to work simultaneously on several projects that cover various facets of technology, such as its security features and how it is used within a business or organisation. Provides job security As the technology of the future, Google cloud computing is currently one of the most in-demand skills. Since its beginning, it has experienced significant growth, and experts anticipate that this trend will continue for many years. It is one of the businesses with the quickest growth rate, and there are many opportunities for those who are fully committed to and interested in pursuing this career path. You will never be short of job opportunities in this field. Skills you need to pursue a career in cloud computing Programming skills Programming skills in languages like PHP, Java, and .NET are crucial to pursuing a career in cloud computing. Ruby and Python are the other popular programming languages whose knowledge will be beneficial in this field. Expertise in Cloud platforms A grasp of cloud service providers is necessary if you want to succeed in the cloud industry. Get to know cloud services like AWS, Microsoft Azure, OpenStack, and GCP. Networking skills It is crucial to integrate your network with cloud services. Fundamentals of cloud networking are a requirement for cloud computing. It is vital to have knowledge about virtual networks and to concentrate on simplifying the procedure for end users. Database skills Spend time mastering a database platform and query language. Learning programming languages like Hadoop and MySQL can be quite beneficial. Web services and APIs APIs and web services serve as the base for the work done by cloud architects. Open web services such as XML, SOAP, UDDI, and WSDL are used to tag, transport, and describe data. The integration is finished and deployed on the corresponding platforms through APIs. Information security Data and application security are becoming more important to organisations. In cloud computing, keeping track of the situation’s security posture and taking preventative action is crucial. You’ll get an advantage by learning cybersecurity and obtaining a credential. Steps to kickstart a career in cloud computing Choose the right cloud computing course The most crucial aspect of beginning a career in cloud computing is to have the appropriate cloud computing certifications. They give you the chance to build your reputation in the industry and gain an advantage over rivals. It is significant to remember that several providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, etc., offer cloud certification programmes. If this certification appeals to you, you can select it based on your initial area of interest in cloud computing or only the certifications that are relevant to it. Additionally, by including these qualifications on your CV, you will be able to stand out from other applicants who are applying for jobs that are comparable to yours, increasing your chances of landing a job in cloud computing early in your career. Understand the cloud computing fundamentals well After talking about cloud computing, it’s time to examine the fundamentals of Google cloud computing and how you may use them to your benefit. With a solid understanding of this, you may set up for yourself the best chance at a Cloud Computing career path that will help you achieve your professional objectives. You will gain knowledge of a variety of subjects, such as virtualization, cloud formation and architecture, deployment models for cloud computing, and cloud service implementation models. The first step in investigating this subject should be to look at many categories, such as platform as a service (PaaS), infrastructure as a service (IaaS), software as a service (SaaS), Google app engine in cloud computing, and analyse the crucial elements of cloud computing. Learn about cloud technology & platforms You must finish this step if you want to start a career in cloud computing. The use of cloud platforms and technology is crucial to the learning process. To comprehend technology, one must be aware of how it meets organisational demands. Any organisation that uses cloud services can reap a variety of advantages, such as lower IT expenses, flexibility in implementing remote work practices, scalability, and many more. Data may be handled and managed more effectively with the help of cloud technology, which also offers several cutting-edge security measures. Numerous platforms offer cloud services, including Amazon Web Services, Microsoft Azure, Google Cloud Platform, and many others. Gain knowledge by attending cloud conferences and events You can improve your skill sets, stay relevant, and give yourself a competitive edge in this constantly expanding market by keeping up with the most recent trends and advancements in the field of cloud computing. Following blogs and news sites focused on cloud technologies will help you accomplish this. Additionally, you should actively participate in local tech events or industry conferences. A growing number of conferences now make their keynote addresses available online, so keep that in mind if you don’t have the time to attend. Create a strong portfolio The greatest approach to demonstrate your skills and get a chance to collaborate with potential companies is through a portfolio. It demonstrates your qualifications to potential employers and aids them in determining if you fit the profile perfectly or not. To illustrate your proficiency in all areas of cloud computing and as a cloud expert, it is essential to build your portfolio with all the links to projects. Build a network Networking is essential for developing your career and maintaining the quality of your talents. You can connect with experts from any industry on many platforms, including LinkedIn. But keep in mind to network with experts in the cloud industry here. You can make contacts, keep up with the most recent advances in cloud computing, and learn about job opportunities by joining communities on this topic. Take up mock assessments to evaluate your knowledge When it comes to honing your skill sets, “do and learn” experiences are unmatched. Working on projects related to the kinds of platforms you want to pursue will help you develop useful skills and gain practical experience. You can seize several lucrative chances by developing practical skills in load balancers, auto-scaling, pipelines, NoSQL DB, data warehouse, DevOps, and Kubernetes. The cloud computing business is the best career option you can make because it is also unquestionably one of the fastest-growing globally and is evolving exponentially. So, if you adhere to this roadmap, you can easily begin your path to becoming a Google cloud computing expert and pave the way for rewarding employment options in the field. Acquaint yourself with cloud computing knowledge during your online BCA degree from Manipal University Jaipur The online BCA programme offered by Manipal University Jaipur (MUJ) incorporates Google Cloud Computing Foundations (GCCF) in its curriculum. Google Cloud Computing Foundations knowledge will provide you with an overview of the scope of cloud technology via ideas, practical labs, exams, and a capstone project on subjects including cloud infrastructure and app development. Manipal University Jaipur’s (MUJ) online degree programmes are taught by renowned professors and industry professionals who give essential insights on how to take on real-world difficulties and adapt dynamically, leveraging this knowledge combined with cutting-edge technological tools and techniques. The platform’s user-friendly design allows students at MUJ to review the training modules, view previously recorded video sessions, interact with other students and staff members, and much more. The online degree programmes at MUJ provide a fantastic flexible, professional development opportunity with easy-to-understand bite-sized content. It allows students to learn on their timetable, study on the go, communicate with experts in their fields, and discover the assistance, connection, and chance to prosper and enhance their career opportunities significantly. Conclusion You can advance your career by entering the cloud computing industry with a valid certification and practical experience. Individuals can gain knowledge every day as this is a sector that is expanding and increasing competition in the market. Obtaining a cloud certification is a terrific approach to positioning yourself as a top-tier IT professional. It will demonstrate your desire to remain current and your readiness to do so, eventually giving you the chance to advance in your position. You can receive assistance for this from renowned institutions such as Manipal University Jaipur. Finally, you should be aware that obtaining a certification will only show you the correct path. Following that, only you would be able to use your skills and knowledge to produce the required outcome.
What is Google Cloud Computing? Cloud computing is undoubtedly the most spectacular among the 21st-century technology innovations that have been embraced by society more quickly as compared to other technologies in the field. The proliferation of smartphones and other internet-capable mobile devices has been a major driver of this acceptance. Cloud computing has benefits for individuals as well as for businesses and organisations. We can use it to run software programmes without having to put them on our computers, store and view our multimedia content online, create and evaluate new software without necessarily needing servers, and more. We can call it a 21st-century phenomenon crucial in practically every industry you can imagine. Google Cloud computing is the delivery of computer services via the internet that includes servers, databases, storage, software, networking, analytics, and intelligence to provide speedier invention, adaptable resources, and scale economies. The cloud powers some of the biggest brands in the world and is the innovation that underpins some of the most cutting-edge products and applications of recent years. It is a tech breakthrough that has seen explosive growth over the past ten years. Businesses worldwide use cloud computing and services to acquire essential data and apps. You usually spend only for the cloud services you use, which helps you save money on operating costs, maintain your infrastructure more efficiently, and expand as your business shifts. Cloud computing, highly regarded for its comfort and dependability, is revolutionising organisations and their procedures across industries. Also read: All you need to know about Cloud Computing? Types of Cloud computing The three primary models of cloud computing are as follows. Each model represents a different component of the cloud computing stack. Infrastructure as a service (IaaS) IaaS encompasses the fundamental components of cloud computing and typically gives users access to networking capabilities, computers, and data storage space. It offers the most flexibility and administrative control over your IT resources. Platform as a service (PaaS) Platform as a Service allows you to concentrate on deploying and administering your applications by removing the need for companies to oversee the underlying infrastructure. As a result, you can run your application more efficiently as you won’t have to deal with resource acquisition, capacity planning, updating software, patching, or any other unnecessary heavy lifting. Software as a service (SaaS) With SaaS, you receive a finished product that is operated and administered by the service provider. End-user apps are typically mentioned when someone uses the term “software as a service.” You simply need to consider how you will utilise that specific software when using a SaaS product; you do not need to consider how the service or the core infrastructure is managed. An everyday illustration of a SaaS application is web-based email, which lets you send and receive messages without having to manage feature updates or upkeep for the servers and operating systems the email software is using. Serverless A cloud-native development methodology called serverless enables developers to create and execute apps without being concerned about managing servers. Servers are still serverless, but they are separated from the app development process. Installing, managing, and upgrading the server infrastructure are routine tasks a cloud provider handles. Serverless applications adjust to demands and autonomously scale down and up as necessary after they are deployed. Public cloud providers’ serverless services are often billed on-demand using an event-driven execution approach. As a result, a serverless function is free to use while it is not in use. Benefits of Google cloud computing Cost-effective By using the cloud, you can do away with the capital costs associated with purchasing hardware, setting up software, and maintaining on-site data centres, which require racks of servers, constant electricity for cooling and power, and IT professionals to manage the infrastructure. Secure A wide range of rules, tools, and controls are provided by cloud service providers, enhancing your overall system security and defending your infrastructure, apps, and data from possible risks. Flexible Due to the self-service and on-demand nature of cloud computing services, even massive amounts of computer resources can be delivered rapidly and with just a few clicks. This gives enterprises a great deal of flexibility and relieves the burden of capacity planning. Sustainability Data can be replicated at many redundant sites on the network of the cloud provider, making backup processes, recovery plans, and business continuity simpler and less expensive using cloud computing. Mobility The mobility provided by cloud-based technology allows workers to instantly access cloud resources from any place or device. It provides the right amount of IT resources—more or less processing power, storage, and bandwidth—at the right time and from the right place. Data backup and recovery In cloud systems, there is no requirement for an emergency data backup plan. In the event of a crisis, there is no irreversible data loss. Improved collaboration Real-time data may be easily shared between teams within a company using cloud settings, which enhances teamwork and productivity. Competitive edge The rate of usage of cloud computing services is rising annually. Businesses that have already embraced this technology aren’t only benefiting from it, but they are also able to keep up with their competitors. Unlimited storage capacity There is infinite storage available in the cloud for all kinds of data. Applications of cloud computing Data storage Data including files, photos, audio files, and movies, can be stored and accessed via cloud computing. In the era of big data, it costs more and takes up more space to locally store vast amounts of corporate data. Organisations can store and retrieve data using a variety of devices using cloud storage in this situation. The offered interface is user-friendly, practical, and offers the advantages of fast speed, scalability, and integrated safety. Big data analysis The use of cloud computing for in-depth data analysis is one of its most significant uses. Big data cannot be stored using conventional data management solutions due to its enormous volume. As a result of the cloud’s limitless storage capacity, companies may now store and analyse huge amounts of data to get critical business perspectives. Art applications Numerous art app services are available through cloud computing applications for design objectives and assisting in the creation of attractive patterns for books, greetings, and other graphics. Examples of cloud computing applications for the arts include Moo, Vistaprint, and Adobe Creative Cloud. These programmes facilitate quick card creation, printing, and design. Additionally, programmes like Adobe Creative Cloud, a cloud-based programme that offers first-rate professional editing services, are available. E-commerce applications Users and e-businesses can react swiftly to possibilities as they arise, thanks to cloud-based eCommerce solutions. It provides corporate executives with a fresh method for getting things done quickly and efficiently. They oversee customer information, product specifications, and other operational processes in cloud settings. Antivirus applications Cloud computing introduces cloud antivirus software, which is kept in the cloud and monitors and removes malicious software and viruses from an organisation’s system. Previously, businesses had to put antivirus software on their computers to find security problems. Testing and development The simplest method for product testing and development is provided by cloud computing applications. By using conventional techniques, creating such a setting would take a lot of time, money, and labour for the infrastructure and IT resources to set up. Businesses may employ scalable and adaptable cloud services for product creation, testing, and deployment thanks to cloud computing. Accounting applications Accounting software is a real-time cloud computing app that assists management in the accounting-related area of the organisation. One such tool utilised by larger businesses to provide real-time daily accounting services is Outright. It makes it possible for you to monitor your expenses, profits, and losses in real time. Other instances of cloud-based accounting software are KashFlow and Zoho Books. Management applications Evernote is a well-known example of a cloud computing application. With the aid of this programme, users can save and share notes in a central location that they can access at any time. These are accessible from any location in the world. Both the paid and the free variants of the application are supported. This programme falls under the category of management software, which has both personal and business applications. Why choose a career in cloud computing? Cloud computing is one of the most challenging and quickly expanding employment fields since it affects so many facets of contemporary life. The majority of large companies devote over one-third of their IT expenditure to cloud computing services. Given the increasing demand for cloud computing experts in the labour market, it is no wonder that cloud computing is the most recent trend and is in high demand. What steps should you take to build a profession in cloud computing? Most entry-level positions in cloud computing require prior experience. If you have the correct cloud certification, you may be able to find work in cloud technology even if you lack the necessary experience in the field. Learn about cloud platforms and technology, comprehend cloud computing’s foundations, and develop the necessary skills to boost your cloud computing career. A professional in cloud computing is an IT expert who manages cloud computing tasks like strategy, development, implementation, upkeep, and maintenance. Some cloud computing positions entail managing and monitoring the organisation’s cloud computing strategy, cloud adoption strategies, cloud application design, and cloud infrastructure. Some job roles in cloud computing and their average salaries are mentioned below: Job rolesAverage payCloud Architect₹ 21.0 LPACloud Network Engineer₹ 9.0 LPASolution Architect₹ 22.9 LPADevOps Engineer₹ 6.0 LPACloud Security Analyst₹ 8.0 LPACloud Database Administrator₹ 12.5 LPA Also read: Can online cloud computing courses help you prepare for an interview? What is the Google Cloud Computing Foundations course about? A 4-course series called The Google Cloud Computing Foundations is designed for individuals who have little to no prior knowledge of or experience with cloud computing. It gives an overview of key ideas in big data, machine learning, and cloud fundamentals, as well as the place and function of Google Cloud. By the conclusion of the set of sessions, students will be competent to explain these ideas and exhibit some practical abilities. To be prepared for this course, students should: Possess rudimentary IT expertise and a desire to learn more about ML and the cloud. Knowledge of at least one language (such as Python or Java). Know the fundamentals of SQL and shell scripting. What is Google Cloud Platform(GCP)? The Google Cloud Platform is a component of Google’s public cloud computing services. It uses the same tracking frame that Google uses for popular end-user products like Google Search and YouTube. This platform consists of several hosted services for computation, storing, and app development which utilise Google hardware. Google Cloud services are available to application developers, cloud admins, and other corporate IT experts over the open internet or a specialised network connection. What is the Google App Engine in cloud computing? Google App Engine in cloud computing is a platform for managing apps and developing web applications. The same systems that power Google apps are supported by Google App Engine so that users can create and host their applications. In exchange, it offers quick development and deployment, simple management without any need to fret over hardware or backups, and easy scaling. What are Google Cloud Platform services? Computing GCP offers a flexible selection of computing alternatives that you may customise to meet your needs. It offers virtual machines that can be completely customised and the choice between direct code deployment and container deployment. It includes: Google Compute Engine Google App Engine Google Kubernetes Engine Google Cloud Container Registry Cloud Functions Networking A network is a type of communication system that enables data flow between nodes. The same term is used by a few Google Cloud Services. The networking services offered by Google Cloud include the following: Google Cloud DNS Google Cloud Interconnect Cloud VPN Storage Databases and cloud storage are also regarded as important components of the Google Cloud Platform services. The services included are: Google Cloud SQL Google Cloud Spanner Google Cloud Storage Google Cloud Datastore and Bigtable Persistent Disk Data Analytics Big Data is a primary service provided by Google Cloud Services since it is processed in the cloud. The services listed below fall under the category of big data: Data Analysis Cloud Pub/Sub Cloud Dataflow AI and ML One distinctive feature of Google Cloud Services is that it supports AI. It implies that you can utilise Google Cloud Platform to create your network or infrastructure. There are various APIs that offer the necessary solution. Google Cloud Translation API Google Cloud Vision API Google Cloud Speech API Google Natural Language API User protection The following services are part of the security-related services offered by this domain: Cloud Resource Manager Cloud IAM Cloud Security Scanner Cloud Platform Security The online BCA programme from Manipal University Jaipur includes a Google Cloud Computing Foundations curriculum The online BCA programme offered by Manipal University Jaipur is designed to produce tomorrow’s pioneers by intertwining the most recent innovations in technological advances with an emphasis on rationality and inventiveness in addition to the rising norms of the marketplace. It includes the Google Cloud Computing Foundations programme to equip learners with a firm understanding of cloud computing. With innovative ideas, practical labs, exams, and a capstone project on subjects spanning from cloud architecture to application development, the Google Cloud Computing Foundations curriculum in the programme will familiarise you with the extensiveness of cloud computing. Conclusion The worth of cloud computing has generally been recognised across all industries, and it will have a significant impact on how future applications are developed. Implementations of cloud computing already have a big impact on how we live our lives and will continue to do so. The pandemic’s emergence has increased the demand for real-time cloud computing solutions because businesses now need to secure company continuity and prevent growth slowdown. Thus, the role of cloud-based applications has increased tremendously in sustaining and securing global advancement. As you’ve seen, cloud computing has a wide range of applications; hence the demand for experts in this field is higher. The online BCA Programme, provided by Manipal University Jaipur through its platform Online Manipal, is one of the top online courses if you’re seeking a comprehensive education in cloud computing. The curriculum assists interested students in developing into full-fledged Cloud professionals and maintaining their marketability.
Tools covered in MAHE’s M.Sc. in Data Science Key takeaways: Data science is the use of tools and techniques to find patterns and meaning in data. Data science can help you with anything from making your business more efficient to help you understand how your customers are using your products. Manipal Academy of Higher Education’s (MAHE) M.Sc. in data science covers tools like Python, R, SQL, Tenserflow, Weka and many more. If you want to make beautiful visualizations with your data, then Plotly is our recommendation for creating interactive graphics with Python and R scripts (among other languages). Manipal Academy of Higher Education’s (MAHE) M.Sc. in Data Science is a comprehensive course covering some essential python tools used in data science today. It is designed to give you a firm foundation in statistics, machine learning, artificial intelligence, and deep learning while exposing you to the latest developments in data science research. The program will help you develop critical thinking skills essential for any successful career in data science or related fields. In addition to learning data interpretation and the discovery of patterns within it, you will learn about the use of machine learning algorithms for prediction and classification of tasks and the use of AI techniques for problem-solving. This article will examine some of the most critical data science tools covered in MAHE’s M.Sc. in data science. We will also discuss how they are used in data science applications and why they are essential to learn when you begin your career as a data scientist. What is an online M.Sc. in Data Science? Online M.Sc. in data science is a multidisciplinary course designed by MAHE that helps you acquire expertise in data science. If you are looking for a career in data science, an online master’s program with Online Manipal can help you get the training and credentials you need to succeed in the field. Here’s what you need to know about online M.Sc. in data science – Interdisciplinary expertise Data science is a cross-disciplinary field requiring expertise from various areas, including computer science, mathematics, statistics, and information technology. The online M.Sc. in data science is designed to give you a well-rounded understanding of these fields to apply the principles learned in your studies to real-world problems. Strong academic support MAHE’s online M.Sc. in data science program has a dedicated team of academic advisers available to help you stay on track with your studies, be it providing guidance in choosing courses or helping you navigate the admissions process. They will help in clarifying doubts about your coursework and future career prospects after graduation. Self-paced learning The program is designed for professionals who need flexibility in their schedules. But it doesn’t mean you will be sacrificing on quality. We offer classes every month and provide access to a wealth of resources that will guide you through each step of the program so that you can graduate sooner than expected without sacrificing quality education or personalised attention from your instructors. Industry-oriented curriculum M.Sc. in data science is an online degree designed to equip you with the skills and knowledge required to pursue a career in the competitive field. The coursework is industry-oriented, which means that it covers the key topics that are most relevant to your career goals. Better job opportunities Data science is one of the fastest-growing fields, and an M.Sc. in data science can help you get there by providing you with the skills needed to work in analytical or leadership roles within the field. Enhanced problem-solving skills M.Sc. in data science allows you to enhance your problem-solving skills by learning to use data effectively, interpret results, and identify patterns using statistical methods like regression analysis, correlation tests, time series analysis, etc. What types of tools does a data science practitioner use? Data analysis toolsVisualisation toolsData cleaning toolsData exploration tools Data scientists use various data science tools to perform their tasks, and the list is constantly growing. However, some data science tools are used more often than others. Data analysis tools Data analysis tools help you organize and clean your data and perform calculations on it. These tools can help you identify patterns in your data, find correlations between different variables, and more. Some common examples include RStudio and Python’s Pandas package. Visualization tools Visualization tools help you turn your data into something visual, like graphs or charts. These visualization tools are excellent for communicating information quickly and clearly to others. They allow people who haven’t spent time analyzing your data to quickly grasp what it means by looking at it. Some common examples include Tableau Public, Plotly, and Google Sheets’ charting tool. Data cleaning tools Data cleaning tools are used to get rid of any errors and discrepancies in your data set before you begin your analysis. This ensures that your results are as accurate as possible. Data exploration tools Data exploration tools help you understand the relationship between variables within your dataset. These tools in data science allow you to explore data in different ways, such as through heatmaps or scatterplots, which can help you see if there are any outliers or other issues with the data. Tools covered in online M.Sc. in data science Here are some of the most common tools covered in an M.Sc in data science: Hadoop Hadoop is a software framework that allows data to be distributed across a network of computers. It is used to store large amounts of unstructured data and can also be used for machine learning and other types of data analysis. Colab Colab is a cloud-based data science tool that allows you to write and run code in the cloud. It is a great way to start coding without downloading any software or setting up your own computer. Apache Hive Apache Hive is an open-source SQL-like query language for analyzing big data sets stored in Hadoop. It allows users to manipulate large datasets without writing complex MapReduce jobs by hand. KNIME KNIME is a data science platform that allows you to quickly and easily access the tools you need to run your analysis. It is open source, meaning it is free to use and easy to install. With KNIME, you can create workflows that automate your data science tasks—from loading data into the platform to running analysis. You can also use KNIME to share your workflows with others in your organization or study group. Matplotlib Matplotlib is a Python library for creating graphs and visualizations with minimal code. If you want to produce high-quality graphs without learning another tool, then Matplotlib is the one for you. NumPy NumPy is a Python library for scientific computing. It provides fast array operations and functions designed for numerical computing. If you are new to Python and science, then NumPy will make it easy for you to get started with some of their best features in one place. OpenCV OpenCV is an open-source library for computer vision. It can be used to detect and recognize faces, cars, traffic signs, and much more. It’s also used in applications like self-driving cars and medical imaging. Pandas Pandas is a Python library for data analysis. It provides easy-to-use functions for manipulating structured data in tables, such as reading and writing files from Excel or Google Sheets. It also makes it easy to group your data into groups or columns based on the values in those columns. Python Python is a programming language used by many tech companies including Google, Facebook, LinkedIn, Dropbox, Spotify, Netflix, and more. It’s also one of the most popular languages among data scientists due to its ease of use. R R is an open-source programming language that is widely used in data science. It is flexible, powerful, and easy to learn, so it is ideal for beginners. R is primarily used for statistical analysis and visualizations like graphs and charts. SAS SAS is a proprietary software program used for business intelligence and analytics. It allows users to quickly perform complex calculations on large amounts of data, making it ideal for significant businesses that need to analyze their data efficiently. Spark Spark is a cluster computing framework designed specifically for big data processing tasks. It works by distributing tasks across multiple servers, making it faster than traditional methods such as MapReduce or Hive. Each server only needs to handle part of the workload at once instead of all of it (which would require more servers). SPSS SPSS is a statistical software used to analyze, manage and manipulate data. It is an essential tool used in data science for anyone who wishes to have a career in data science. SQL Structured Query Language (SQL) is a programming language for managing data in relational database management systems (RDBMS). SQL is one of the world’s most widely used programming languages, with some estimates placing a high number of businesses using it. TensorFlow TensorFlow is a machine-learning software library created by members of the Google Brain team. It can be used to build neural networks and deep learning applications. It provides a flexible architecture that allows you to deploy computation on one or more CPUs or GPUs in a desktop, server, or mobile device with just a few lines of code. WEKA Weka (Waikato Environment for Knowledge Analysis) is an open-source software library written in Java that provides data mining tools. Weka contains tools for data pre-processing, classification, regression analysis, clustering, and feature selection. Learn data science tools with Online Manipal Online Manipal does not merely focus on teaching you how to use a tool, but also shows you how it is used in the real-world and its applications in different industries. The courses offered by MAHE on the Online Manipal platform are designed for all learners from all levels, from beginners to advanced, catering to the needs of both freshers and experienced professionals. Closing The demand for data scientists is skyrocketing, and companies are willing to pay more. If you want to be part of the next generation of workers who will drive innovation in the 21st century, then learning data science is a great way to get started. By enrolling for MAHE’s M.Sc. in Data Science with Online Manipal, you can learn from the comfort of your home and at your own pace, and learn from industry experts.
What are the essential business skills for succeeding as a management professional? Every organization requires individuals who have effective business management skills to meet and achieve the goals of the company. Business management professionals must have a well-rounded personality and have knowledge in several areas including marketing, sales, finance, and other business disciplines. They also need to develop soft skills, which is as important as management and technical skills. At the end of the day, management professionals must make an impact on the business. Irrespective of the domain or business function a management professional is in, a set of business skills is required. These skills go a long way in ensuring career success for the management professional. What does a business manager do? A business manager massively contributes to the overall success of a business. The responsibilities of a business manager includes strategizing, implementing and overseeing the productivity and growth of the company. They manage employee activities, provide suitable resources. They must be good at networking in order to establish and grow relationships with appropriate partners. Business managers also recruit new employees, train them and regularly review their performance. Skills required for a business manager There are several skills a business manager must possess to contribute to the success of the organization. From management and technical skills to soft skills, here are the skills you must have if you aim to become a business management professional. Analytical skills Business managers constantly analyze situations. They use data, anecdotes, industry evidence, news, events, and even their own intuition.They build supportive environments for their team members to thrive in. They should be able to identify market trends, study complex data sets and formulate solutions for business problems. They use reports to gauge efficiency, productivity, success, and progress. Top companies recruit professionals who have effective analytical and reasoning skills. Sales and marketing skills Management is about selling. It could be selling an idea, selling a job, selling a promotion, selling a feeling, passive marketing, building motivation, and building morale. Somewhere, all of these are connected to having a sense of selling and marketing in order to increase the chances of success of a product, service, business, team, and organization. Business managers must know how to sell their product and optimize it for generating sales. They must come up with effective marketing strategies to generate profitable revenues for the company. Organizational skills Business managers must possess organizational skills which determines whether employees are motivated to work under them. They must hold meetings, community business objectives and ensure coordination between departments. They must ensure appropriate delegation of responsibilities and follow up with departments about their successes and failures. Leadership skills Business managers must be able to lead a team effectively and efficiently to direct them towards company goals. Their interest and passion for success must inspire team members to work harder to accomplish goals. Business managers must drive team members towards a vision. Their decision making skills and effective strategies should motivate employees to perform better. Communication skills Communication plays a key role in ensuring all departments within the organization work smoothly. Business managers must communicate effectively with teams so the work is carried on smoothly. They must also ensure smooth communication among various departments and ensure they are all on the same page. Possessing effective communication skills leads to relationship building skills, which are essential for a business manager. They must create a good network and build profitable relationships for the success of the organization. How to develop business management skills? A strong foundation in business management is necessary for you to excel in the field. A strong educational background will help you gain the in-depth knowledge you require to succeed in the field. This will give you a deeper understanding of the job role that you will choose after your graduation. Read more- Business management certificate: Why do I need one? How a BBA degree helps you become an effective business management professional A Bachelor of Business Administration (BBA) degree prepares you for many contours your professional life might take. It will help you acquire the in-demand skills to excel as a business management professional. If you want to pursue a degree from anywhere, and choose from top universities, then pursuing an online BBA is the best option for you. Here’s how an online BBA degree will help you become an effective business management professional. Specialization in business field An online BBA degree from a top university like Manipal University Jaipur (MUJ) gives you an edge in the business domain. You will learn about the latest developments in the field of business management, and you can choose from a wide range of job roles that are out there after completing your degree. Spot business trends A good business management and administration professional is one that adds value to an organization. A BBA degree helps you spot business trends, which is important for performing various activities within the business. Excellent career opportunities A BBA degree provides graduating students with great career opportunities that they can explore in public or private sectors. They can choose to be management professionals, digital marketers, product managers, program managers, business administrators, entrepreneurs, business technologists, business lawyers, market research analysts, banking professionals, loan officers, and HR managers. Provides good foundation to pursue an MBA A BBA degree is a stepping stone to pursuing an MBA. After an online BBA degree, students can opt for an MBA to further enhance their business skills. BBA sets the foundation for pursuing an MBA, after which you can climb up your career ladder sooner. Read more- Boost your career with an online BBA degree Why is MBA one of the best courses after BBA? Pursue an online BBA degree with Online Manipal Our comprehensive online BBA degree programme is attuned to latest pedagogies in the business management field. You can attend live and recorded classes anywhere, anytime. With some of the best faculty in India, MUJ offers an online BBA degree that will help you succeed in different career trajectories. Our pedagogy introduces real-world case studies that will enhance and develop your critical thinking skills. Conclusion You need a strong foundation to excel as a business management professional. In that sense, pursuing a BBA degree provides you with all skills and knowledge required to succeed in the field. Choose MUJ’s online BBA degree to become a well-rounded management professional. Read more- MBA or business certificate: What should you prefer? Key takeaways: Every organization requires a business manager, who has in-depth knowledge and in-demand skills required to run a business successfully. Business managers must possess analytical skills, leadership skills, decision-making skills and understand market trends to make profits. They must coordinate among various departments and contribute to the overall success of the organization. To become a successful business management professional, a BBA degree is the right pick. You will learn industry-relevant subjects and acquire necessary skills to excel in the field.
What are the best online degree courses for government employees? Online education has become extremely prevalent in recent times in a world dominated by digitalisation. Sometimes earning a better qualification is all that stands between you and a promotion to a position with a higher pay scale for government employees. When you already have a job that you don’t want to leave, it might be challenging to try to acquire a degree the conventional way, which requires you to adhere to a strict schedule of on-campus classes. Online courses offer a useful alternative to in-person instruction for people balancing a full-time day job and education, particularly those working in the government sector. Technology development has accelerated transformation in the educational system. One can now select any in-depth learning programmes offered by online education institutes based on their needs. Government personnel looking to advance their careers can benefit greatly from taking online courses since they are flexible and allow networking with people in similar roles. Check out: List of accredited online degree programmes Can government employees pursue online courses? There is an opportunity to upgrade the academic and practical credentials in your career in every government agency or department. In some divisions, you can significantly raise your salary by obtaining any additional professional certification. Your advancement or promotion to a higher position can also depend on your additional qualifications. So if you ask, ” Can a government employee do an online course?” The answer is ” Yes.” They need not get permission from their existing job to continue their study online. However, the institution that admits you to the programme may require documentation of your employment, in which case you must obtain a certificate from your employer and submit it. Otherwise, your application might not be accepted by the institute. In this situation, you must let your employer know. If you work for the government, you must abide by several rules and guidelines that pertain to your employment. So please study those terms of service to see if there is anything specifically mentioned about your continuing education. If there is anything covered in the clause, you must adhere to it. Helpful article: How online courses help you to manage studies while working Benefits of online degrees for government employees At some time in your government job role, you may realise that you need to gain further formal qualifications for a specific position. You might require specific certification for the higher-level position you want to get promoted to, a credential to perform a certain activity, or you might need to improve your skills and knowledge to stay on the leading edge of your industry. Government employees might be concerned about finding the time to commute to and attend classes, especially if their job is demanding or they have other commitments. There is a chance for them to attend classes online, thanks to technology. Here are some benefits and facts on how online courses for government employees can advance their careers and make it possible for them to continue learning while working. Study anywhere, anytime E-learning is widespread for its flexibility. You can keep pursuing coursework without needing to travel to physical university premises by virtually studying from anywhere and anytime. Even though some online courses require live lectures, you can still complete your education with the recorded sessions and go at your own pace according to your schedule. Additional degree/certification course Government employees who wish for career growth while remaining in their existing position, strengthening their credentials, and putting what they have learned to use in the workplace benefit from online courses. The additional degree they earn online makes them suitable for the higher position they wish for. Acquire in-demand skills You can accomplish your educational objectives through online learning and master new skills that will be useful when switching to a different career. You will be able to acquire in-demand skills and need to learn how to use a range of digital learning tools, content management systems, collaboration software, and fundamental technological troubleshooting to finish your online studies. World-class content Renowned academicians and industry experts arduously develop online courses to give students knowledge of cutting-edge technologies. Industry professionals, influencers, seasoned professors, researchers, subject matter experts, and alumni all contribute to the creation of the programme. Hands-on learning The majority of online certification programmes include coursework, coding challenges, and exams that put you to the test along the way. It is crucial to get practical experience to apply what you are learning on the job. Online courses entail training workshops and other relevant projects to evaluate what you’ve learned in theory, helping you to hone your practical knowledge. So is an online MBA valid for government jobs? The simple answer is yes, as online degrees are valid and useful for pursuing jobs in the government sector. How does an online degree improve the career prospects of government employees? Advancing the career is sometimes a matter of effort for government employees, and a degree is frequently required to obtain the coveted higher rank at work. The best part is that career-enhancing degrees are available online and may be completed while working a daily job. The number of online programmes that cater to government employees is growing along with the number of individuals working in the government sector. Employees who want to advance their job roles may find the ideal setting with an online degree. Government employees might have the doubt, “is online degree valid for government jobs?” The answer is “Yes.” An online course will offer valuable skills that will improve your performance at work and increase your appeal to potential employers. You can obtain the abilities you need for a particular career with the help of an online degree. You will have an advantage in obtaining better positions in the government sector with the knowledge and skills you develop while pursuing an online degree. Even in the private sector, an online degree could assist you in achieving managerial jobs if you begin with an entry-level career. How does an online degree help in your domain expertise? Upskilling and reskilling are becoming essential components of everyone’s career in today’s technology-driven landscape, and government jobs are no different. You can only stay up with the technology and trends that are developing at such a rapid pace by consistently improving your skills. A valuable certification guarantees that you keep up a high level of expertise and understanding in your field, thus enhancing your domain expertise. Online courses offer excellent returns on your time and resource investments, helping you approach your work more strategically and advance more quickly. They give you a rapid headstart up the career ladder instead of you taking years to build experience and convince your superiors of your abilities. Also read: Continue your education after a long break to climb the career ladder Best degrees for government employees Government employees can opt for a degree from a range of industries, providing professionals with the freedom to select the one that most interests them. Certain governmental positions necessitate highly specialised degrees. But there are also more generic degrees or courses that can help you become eligible for a variety of higher job roles. Following are a few of the best degrees for government employees: Business Administration and Management Political Science Public Policy Public Administration Economics Accounting and Finance Social Work International Relations Healthcare Administration. Human Resource Management. Information Technology Master of Arts (Journalism & Mass Communication) Business Analytics Computer Science Online Manipal advantage Enrol in an online course from Manipal University Jaipur, an institution with NAAC A+ accreditation that also offers online degrees like the BBA, BCA, and BCOM, as well as postgraduate degrees like the MBA, MCOM, MCA, and MA JMC. You get access to e-learning resources for the programmes, almost 5000 certification courses, seminars by business experts, and various other perks and benefits. The mentors, guest faculty, and external instructors have extensive backgrounds and experience in their specialised disciplines. You get to choose your learning atmosphere, which helps you gain a better grasp of your specific course, in addition to utilising the knowledge from top instructors. Overall, the online programmes offered by Manipal University Jaipur are great for working professionals looking to advance their careers. Conclusion Over the past few years, e-learning has expanded and gained immense popularity. You have more control over your learning environment when taking classes online, which ultimately aids in your ability to comprehend your course better. New learning strategies are continually adding to the industry, providing learners with more opportunities to tailor their education to suit their needs. Additionally, online training courses for government employees give them a chance to excel in their fields. Try enrolling in online programmes offered by renowned institutions such as Manipal University Jaipur to advance your vocational path and give your higher education a new perspective.
